Alcazar Energy is headquartered in the Dubai International Financial Centre (DIFC), with two regional offices in Jordan and Egypt; and is owned by BluStone Management, Dash Ventures International, IFC and IFC Asset Management Company (referred to as AMC) which are both part of the World Bank and Mubadala Infrastructure Partners.
Co-founded by Daniel Calderon and the late Maroun Semaan, to address the shift towards renewables in the region; Alcazar Energy’s role spans the origination, development, structuring, acquisition and operation of renewable energy projects with a focus on Solar PV and Onshore Wind technologies.
Alcazar Energy’s leadership team brings extensive experience in the field of renewables and has financed and developed over 100 power projects, across 27 countries with a combined power capacity in excess of 41 GW (11 GW in renewable energy) and has proven capabilities in financial management, due diligence, underwriting and project delivery, with a strong sense of fiduciary responsibility to its partners, investors and local communities.
During the past five years the company has become a leading renewable energy producer in the META region with fully resourced Business Development, Investment Management, Project Finance, Delivery and Operations teams.
Since 2014, the company has mobilised approximately USD 800m in emerging markets and is currently in the processof delivering 155MW of solar and wind energy projects in Jordan. Working across the supply chain, Alcazar Energy’s in-house Delivery and Operation team ensures that its projects are delivered on-time, on-specification and on-budget post financial close and is responsible for driving continuous improvement throughout the operations process to improve the operational and, hence, financial performance of the company’s seven assets across Jordan and Egypt.
Alcazar Energy is dedicated, through effective leadership and commitment, to delivering value for its shareholders as well as stakeholders by carrying out its activities in line with good international practice (GIP) in a manner that is environmentally sound, protecting the safety and security of workers and communities, and by supporting social justice and human rights across its countries of operation including Jordan.
Furthermore, Alcazar Energy has recently obtained certification of its QHSEMS for the International Standards of ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007 in 2018 to underscore its commitment to adopting best practices.
Being that Alcazar Energy is sponsored by the IFC with its projects in Jordan financed by international development financial institutions, such as the European Bank for Reconstruction and Development (EBRD), the company is committed to developing, constructing and operating its projects in compliance with the IFC Performance Standards on Environmental and Social Sustainability (PSs) and other applicable international standards of its Lenders (i.e. EBRD Performance Requirements (PRs).
As a result, Alcazar Energy’s projects in Jordan are expected to generate over 285,000+ tones of CO2 and 660,000+ m3 of water savings annually while employing 200+ workers from local communities during the project lifecycle contributing significant social and economic benefits to its host country.